Markets

Yes Bank Receives GST Penalty Order Yes Bank Limited announced that it received an order from the Goods and Services Tax (GST) department in Maharashtra on March 25, 2026. The order levies a penalty of Rs. 79,38,000 related to a GST matter concerning Input Tax Credit (ITC).The penalty was imposed under Section 122(1)(ii) of the Central Goods and Services Tax Act (CGST) and the Maharashtra Goods and Services Tax Act (MGST).According to the bank, it believes it has adequate grounds to contest the order and plans to pursue legal remedies, including filing an appeal, within the prescribed timelines. Yes Bank does not anticipate a material impact on its financial, operational, or other activities as a result of the order.Here's a...

TTI Enterprise Ltd. Faces Petition Regarding Share Transfer TTI Enterprise Ltd. announced on March 26, 2026, that a petition has been filed before the National Company Law Tribunal, Kolkata Bench, West Bengal, concerning the refusal of a share transfer registration. The petition, filed by M/s. Realearth Ecofarms India Private Limited against Mr. Valath Sreenivasan Ranganathan and TTI Enterprise Limited, relates to the registration of a transfer of 35,00,000 equity shares with a face value of Rs. 10 each.The transfer request arises from a Share Surrender Agreement dated March 20, 2025.According to the company, the petition does not anticipate any impact on its financial operations. TTI Enterprise Ltd. stated that it will take...

Deepak Fertilisers Re-appoints Ernst & Young as Internal Auditor Deepak Fertilisers & Petrochemicals Corporation Ltd. announced the re-appointment of Ernst & Young, LLP as its Internal Auditors for the financial year 2026-27. The decision was approved by the Board of Directors during a meeting held on March 26, 2026, based on the recommendation of the Audit Committee.Ernst & Young LLP is a Limited Liability Partnership and a global leader in assurance, tax, transaction, and advisory services. The re-appointment is effective from March 26, 2026, and covers the financial year 2026-27.The Board meeting commenced at 11:00 a.m. and concluded at 3:55 p.m. Additional details regarding the appointment are available on the company’s website...

MosChip Technologies Receives NCLT Approval for Amalgamation MosChip Technologies Ltd announced that the Hon’ble National Company Law Tribunal (NCLT), Hyderabad Bench, has approved the Scheme of Amalgamation involving its wholly owned subsidiaries, Softnautics Private Limited and Softnautics Inc, effective from April 4, 2025. The approval was granted on March 25, 2026, and relates to the amalgamation under Sections 230 to 232 and Section 234 of the Companies Act, 2013. A certified true copy of the NCLT order is expected to be received from NCLT Hyderabad and will be disclosed upon receipt. MosChip had previously disclosed information regarding this scheme on April 8, 2025.Source:

Schaeffler India Schedules Investor Meetings Schaeffler India Limited announced plans for upcoming analyst and investor meetings, as detailed on March 26, 2026.The company will engage in a one-on-one meeting with Birla Sunlife Asset Management Company via conference call on March 31, 2026. Discussions will focus on the company’s overall business situation.According to the company, no unpublished price-sensitive information will be shared or discussed during these interactions. The meeting schedule is subject to change due to unforeseen circumstances.DateFund / Institutional InvestorVenueType of Interaction31/03/2026Birla Sunlife Asset Management CompanyConference CallOne-on-One MeetingSource:

Tera Software Ltd. Appoints Veera Brahma Rao Arekapudi as Independent Director Tera Software Ltd. announced that shareholders have approved the appointment of Sri. Veera Brahma Rao Arekapudi as an Independent Director. The approval was secured through a postal ballot process concluding on March 25, 2026.The remote e-voting period commenced on February 24, 2026, at 10:00 AM (IST) and concluded on March 25, 2026, at 5:00 PM (IST). The resolution was deemed passed with the requisite majority on the closing date of the e-voting period.Sri. Veera Brahma Rao Arekapudi will serve as an Independent Director for a term of five consecutive years, commencing February 10, 2026, and concluding February 9, 2031. He is not subject to rotation...

Netlink Solutions India Ltd. Announces Board Changes Following Open Offer Completion Mumbai – March 26, 2026 – Netlink Solutions (India) Ltd. announced several changes to its board of directors and a reclassification of promoters following the completion of an open offer and subsequent changes in management and control.The changes stem from an open offer made by Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad for the acquisition of 26.00% of the voting share capital of Netlink Solutions (India) Ltd. This open offer was triggered by the acquisition of 51.00% of the paid-up equity share capital of its holding company, Jupiter Infomedia Limited, by the acquirers.As a result of the completed open...

Dudigital Global Limited Qualifies for CPV Service Tenders in Multiple Locations Dudigital Global Limited announced it has qualified for the technical evaluation stage of several Requests for Proposal (RFPs) for Outsourcing of Consular Passport & Visa (CPV) and related services. The tenders were issued by Indian Embassies/Consulates and/or concerned authorities in Singapore, London, Colombo, Abu Dhabi, Riyadh, and Kuwait.The company is awaiting the financial bid opening and results for these tenders. Further updates will be provided upon receipt of the final outcomes and in the event of an award.This update is being shared voluntarily to keep stakeholders informed.Vratanshi Arora, Company Secretary and Compliance Officer...

Bharat Bijlee Schedules Board Meeting, Announces Trading Window Closure Bharat Bijlee Limited announced that a Board of Directors meeting is scheduled for May 12, 2026, to be held through audio-visual means. The meeting will address the approval of the company’s Audited Annual Accounts for the Financial Year 2025-2026, along with the Audit Report, and the Audited Financial Results for the quarter and financial year ended March 31, 2026. The board will also consider a recommendation for a dividend on equity shares for the Financial Year ended March 31, 2026.In connection with the upcoming meeting, the company has closed the trading window for its securities for all designated persons and their immediate relatives, starting April 1...

PNGS Gargi Fashion Jewellery Ltd. Opens New Store in Pune PNGS Gargi Fashion Jewellery Ltd. announced the opening of a new exclusive brand store on March 26, 2026. The store is located at Shop No. 38, on the ground floor of Yashada Windsons, Survey No 104/1, 105, 105/2, Ravet, Pune - 412101. The company's stock symbol is GARGI, and its BSE Scrip Code is 543709.Source:

South Indian Bank Allots Equity Shares Under ESOS Scheme South Indian Bank Ltd. announced the allotment of 72,488 equity shares on March 26, 2026, under its SIB ESOS Scheme - 2008. The allotment followed the exercise of stock options by eligible grantees and receipt of consideration, as approved by the bank’s Nomination and Remuneration Committee.The equity shares were allotted from Tranche 13, 14, and 15 of the SIB ESOS Scheme - 2008, with varying exercise prices. A summary of the tranche details and associated financial figures is presented below:Details of GrantNo. of sharesFace ValueExercise PriceTotal Amount ReceivedTranche 13 granted under SIB ESOS - 2008 on July 31, 202350,383Re. 1/-Rs. 20.00/-Rs. 10,07,660.00Tranche...

Carysil Ltd. Receives Credit Rating Reaffirmation from ICRA Limited Carysil Ltd., a manufacturer of lifestyle sinks and built-in appliances, announced on March 26, 2026, that ICRA Limited has reaffirmed its credit ratings. The reaffirmed ratings reflect the company’s financial stability and operational performance.ICRA Limited reaffirmed Carysil Ltd.'s Long Term Rating as [ICRA] A with a ‘Stable’ outlook, based on a rated amount of ₹183 crore. The Short Term Rating was also reaffirmed as [ICRA] A2+.The ratings were assessed by ICRA Limited and are detailed in the table below:Rating AgencyInstrumentRated Amount (Rs. crore)Existing RatingRevised RatingRating ActionICRALong Term Rating183[ICRA] A (pronounced as ICRA A) with...

NR Agarwal Industries Ltd. Announces Resignation of Senior Managerial Personnel NR Agarwal Industries Ltd. announced that Ramesh Harkulkar, Senior General Manager - Accounts and Taxation, has resigned from his position, effective close of working hours on March 25, 2026, due to personal reasons. The resignation has been accepted.Here's a summary of the details regarding the change:ParticularsRamesh HarkulkarReason for changeResignation due to personal reasonsDate of cessationClose of working hours of March 25, 2026Term of appointmentNot ApplicableBrief profileNot ApplicableDisclosure of relationships between directorsNot ApplicableSource:

HVAX Technologies Limited Invests in Krew Instruments Private Limited HVAX Technologies Limited announced on March 26, 2026, that its Board of Directors approved an investment in Krew Instruments Private Limited, a company operating in the hospital domain. The investment includes a subscription to a private placement of equity shares and a transfer of shares, totaling Rs. 1,05,00,000.The company will subscribe to up to 15,000 equity shares of Rs. 700 each, with a face value of Rs. 10 per share and a premium of Rs. 690 per share. Additionally, HVAX Technologies Limited will transfer up to 5,000 equity shares of Rs. 700 each. The total consideration will be paid in cash.Following the transaction, Krew Instruments Private Limited will...

AYM Syntex Ltd. Receives Credit Rating Reaffirmation from CARE Ratings AYM Syntex Ltd. announced today, March 26, 2026, that CARE Ratings Limited has reaffirmed the credit ratings for the company’s bank facilities. The ratings reflect the agency's assessment of AYM Syntex’s financial health and operational performance.CARE Ratings reaffirmed a long-term bank facilities rating of CARE A; Stable and a short-term bank facilities rating of CARE A1. The reaffirmed ratings pertain to bank facilities totaling 178.4 crore and 385 crore, respectively.The rating details are summarized in the table below:Facilities/InstrumentsAmount (₹ crore)RatingRating ActionLong-term bank facilities178.4CARE A; StableReaffirmedShort-term bank...

Chemkart India Ltd. Announces Insider Trading Disclosure ChemKart India Limited disclosed details regarding the acquisition of equity shares by a designated person, as per the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The disclosure was made on March 26, 2026.Shailesh Vinodrai Mehta, a designated person and director of the company, acquired 4,200 equity shares, representing 0.03% of the paid-up equity share capital of Chemkart India Limited. Prior to the acquisition, Mehta held 126,507 equity shares, representing 1.05% of the share capital. Post-acquisition, his holdings increased to 130,707 equity shares.The transaction occurred on March 26, 2026, through a purchase on the stock...

Chemkart India Ltd. Reports Insider Trading Disclosure ChemKart India Limited announced on March 26, 2026, that Ankit Shailesh Mehta acquired 10,800 equity shares in the company, representing 0.09% of the paid-up equity share capital.The acquisition was disclosed in accordance with Regulation 7(2)(a) of the Securities Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.Prior to the acquisition, Ankit Shailesh Mehta held 5,065 equity shares, representing 36.74% of the share capital. Following the acquisition, his holdings increased to 10,800 equity shares. The acquisition occurred on March 25, 2026, through market purchases.Details of Change in Holding of SecuritiesCategory of PersonSecurities held prior...

HCLTech Recognized for Sustainability Initiatives by Hurun and S&P Global NOIDA, India, March 26, 2026 – HCLTech, a leading global technology company, has achieved recognition for its sustainability initiatives, ranking No. 2 overall in the Perpetual Capital-Hurun India Impact 50 2026 report. This ranking acknowledges the company’s dedication to integrating sustainability within its business strategy.The Hurun India Impact 50 report evaluates companies based on their demonstrable and measurable efforts towards the 17 United Nations Sustainable Development Goals (SDG). HCLTech secured the top position in Gender Equality and Affordable & Clean Energy and was ranked No. 2 in Sustainable Cities and Communities and Responsible Consumption...

Shahlon Silk Industries Receives Show Cause Notice Regarding GST Penalty Shahlon Silk Industries Ltd. announced today that it has received a Show Cause Notice from the office of the Additional Commissioner, Surat Zonal Unit, Gujarat, GST Department. The notice, pertaining to financial years 2023-24 and 2024-25, was received on March 25, 2026.The notice was issued under Section 122 of the Central Goods and Services Tax (CGST) Act, 2017, and relates to an allegation of passing on ineligible Input Tax Credit (ITC). The proposed penalty amounts to Rs. 4,23,77,938 for the financial year 2023-24 and Rs. 1,26,66,464 for the financial year 2024-25, totaling Rs. 5,50,44,402.According to the company, the Show Cause Notice will not have an...

Rita Finance and Leasing Limited Approves Capital Increase and Preferential Warrant Issue Rita Finance and Leasing Limited announced on March 26, 2026, that its Board of Directors approved an increase of the authorized share capital from Rs. 10,00,00,000 to Rs. 16,00,00,000, subject to member approval. The board also decided to raise funds through the issuance of up to 60,00,000 warrants at a minimum price of Rs.20.00 per warrant, with a right to warrant holders to apply for and be allotted one equity share of Rs. 10 each within 18 months.The warrants will be issued to the following allottees:Sr. NoName of the AllotteeNo. of Convertible Warrants1Rajnikant C Shukla HUF7900002Sellwin Traders Limited7900003Hetalben Monilbhai...